Trump Wants Feds To 'Feel The Market' Instead Of Using 'Meaningless Numbers'

19/12/2018

Trump took to Twitter Tuesday morning, imploring the Federal Reserve officials to read an editorial in the Wall Street Journal and not "make yet another mistake" by raising interest rates again.

The president isn't wrong about the dollar, which has made modest gains against a basket of currencies, hitting a 19-month high at close on Friday. Many analysts think the Fed will signal Wednesday that it's considering whether to slow or suspend its rate hikes in 2019 to avoid weakening the economy too much.

The president cited the strong US dollar, steady inflation rate, and slowing growth in China as key factors the central bank considers in determining the course of national monetary policy.

Trump urged the Fed to ignore economic data and "feel the market". While there may be an economic case for Chairman Jerome Powell to hold off on the ninth rate hike since December 2015, a larger threat may be eroding the Fed's inflation-fighting credibility by appearing to cave to Trump's demands.

A growing number of economists share Trump's basic argument - albeit in more diplomatic language - and have dramatically rolled back estimates for the number of increases in the benchmark lending rate they expect next year.

It is highly unusual for a president to be publicly vocal in any criticism of the Fed, though many presidents have complained privately about higher interest rates.

The stock market is enduring a painful stretch, with steep losses Monday sending USA stocks to their lowest levels in more than a year.

"Now, I'm just saying the same thing that I would have said as a private citizen", he said during the interview. And some predict that the rate increases, which began three years ago, will end altogether next year.

Unfounded bomb threats reported in cities across Canada, U.S.
South of the border, the FBI was investigating the wave of threats and said it was unclear whether the threats are connected. If you've received an email saying that your office will explode if you don't forward on $US20,000 in Bitcoin, stay calm.

During his presidency, Richard Nixon convinced the Federal Reserve to keep interest rates low, reasoning that inflation was better than any rise in unemployment due to rising interest rates.

Trump has repeatedly broken with norms of recent decades, hammering the central bank this year over its moves away from the zero interest rate policy implemented during the global financial crisis. Powell will speak at a news conference at 2:30 p.m.

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The case will now proceed through various levels of appeals, and some steps are likely to be taken that would postpone any impact. A Texas court sided with the attorneys and ruled in their favor that the mandate was unlawful.

On Tuesday Trump Threatened to Shut Down Gov't in Oval Office Feud with Pelosi, Schumer if Congress did not fund his wall. They also envision investigations of Trump, his 2016 presidential campaign and his administration.

However, Emery is facing a crisis in defence as he will be without suspended duo Shkodran Mustafi and Sokratis Papastathopoulos . Emery said: "First we need to have the mix in the first 11 with young players and players with experience".

As part of an agreement with prosecutors to change her plea to guilty, the 30-year-old is expected to cooperate with prosecutors. Butina, jailed since her arrest in July , had mounted an aggressive defence and tried to have the charges against her tossed.

In terms of the result, the Conservative party leadership challenge comes as a test of its inner coherence. Brady announced yesterday morning the threshold had been reached and a confidence vote would be held later.

"As a result, if we went ahead and held the vote tomorrow, the deal would be rejected by a significant margin", she said. The withdrawal agreement has been endorsed by European Union leaders but now needs Parliament's backing.

The Brexit withdrawal agreement only talks about "best endeavours" being used to reach an agreement during the transition period. Luxembourg Prime Minister Xavier Bettel appealed to British MPs to keep the interests of their citizens in mind.

Should she lose a leadership contest would triggered further complicate the already intricate Brexit process. Mr Adams said the firm suspended betting because "we're 100 percent certain she's going to win".

Earlier, pageant critics believed that the 2018 Miss Universe crown would be a toss-up between the Philippines and South Africa. Last year's victor , South Africa's Demi-Leigh Nel-Peters, then presented Catriona with the crown and sash.

The Washington Post found Trump's falsehoods so prolific that it began a feature tracking them since the start of his presidency. Asked if then-candidate Trump knew the payments were wrong, Cohen told ABC's " Good Morning America " program: "Of course".

The meeting occurred several hours after House Republicans dug in on their demand for US$5 billion in support of Trump's stance. Pelosi later told the group of House Democrats that getting that vow from Trump was "an accomplishment".

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